Year-end tax planning for business owners in 2025 highlights opportunities like bonus depreciation, expanded Section 179 limits, and strategic charitable giving. Taking action now can reduce tax liability and prepare businesses for 2026 changes.
The One Big Beautiful Bill Act (OBBBA) introduces sweeping changes to U.S. international tax rules, redefining GILTI as Net CFC Tested Income (NCTI) and FDII as Foreign-Derived Deduction Eligible Income (FDDEI). These updates, effective in 2026, will significantly impact tax planning for multinational businesses.
Year-end tax planning for 2025 offers unique opportunities, including expanded SALT deductions, new tax breaks, and strategic charitable giving options. Understanding these updates can help taxpayers reduce their liability and prepare for 2026 changes.
The construction industry is gearing up for a dynamic 2026, with data centers and manufacturing leading the charge. Despite challenges like labor shortages and material costs, contractors leveraging technology and strategic planning are poised for success.
The IRS has released Notice 2025-67 announcing the new contribution and benefit limits for 2026.
The longest federal government shutdown in history has ended after 43 days, and the IRS is now working to bring its operations back online. Learn what this means for taxpayers and how to prepare.
The One Big Beautiful Bill Act (OBBBA) introduces new risks in AI, data, governance, and compliance for C-suite leaders. Discover how to manage these challenges, leverage incentives, and turn uncertainty into long-term opportunity.
The federal R&D tax credit rewards innovation by reducing tax liability for qualified research expenses. With the OBBBA restoring immediate expensing for R&E costs, businesses now have more flexibility to optimize tax benefits.
Many organizations find their daily operations hampered by complicated and inefficient tasks. Business process improvement offers a structured approach to move beyond simply fixing what is broken and aims to achieve operational excellence by identifying inefficiencies and streamlining workflows.
The OBBBA brings back immediate R&E expensing, giving construction companies faster tax savings and better cash flow. Learn how to maximize this benefit for your business.
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